A consortium led by Salini Impregilo Group will construct the first section of the new Libyan coastal motorway for a total value of approximately €963 million. The Salini Impregilo Group has a 58% share in the contract, while the project will create 2,000 jobs.
The contract, financed by the Italian government, includes a performance bond of 2% and an advance of 15% equivalent to €145 million. This Italian investment and the wider contribution of Italian industrial expertise will play a key role in relaunching the economy and driving employment.
The new motorway will run across Libya for 1,700 kilometres, from the Tunisian border to the Egyptian border, and will be funded by the Italian government within the scope of the Friendship, Partnership and Cooperation Agreement signed with the Libyan government on 30 August 2008 in Benghazi.
The first section of the coastal motorway, to be constructed by the Salini Impregilo Group, will run for approximately 400 kilometres from the city of Marj to Emsaad, on the Egyptian border.
The most significant parts of the project include the construction of 12 bridges of 2.2 kilometres in length, 8 service areas and 6 parking areas.
The Group is currently refurbishing Kufra airport.
(Source: Salini)
